Transcorp Consortium (TRANSCORP) announced the 100% acquisition of the 966MW installed capacity Afam Power Plc and Afam Three Fast Power Limited, at an acquisition cost of N105.3bn.

The Nigerian Stock Exchange (NSE) has delisted the entire 4,296,330,500 outstanding ordinary shares of Law Union and Rock Insurance Plc (LAWUNION) from the exchange. The delisting followed the conclusion of a scheme of arrangement in which Kanuri LUR Limited acquired all the entire issued shares of Law Union and Rock Insurance Plc.

Airtel Africa Plc (AIRTELAFRI) – the parent company of Airtel Nigeria Plc, has concluded plans to sell about 4,500 telecommunication towers across 5 countries including Tanzania and Madagascar to help reduce $3.5 billion of debt and prepare for looming bond repayments.

Nigerian top lender Access Bank (NGSE:ACCESS, GSE:ABG) has completed the acquisition of majority stake Transnational Bank in a Sh1.4 billion deal that had received regulatory nod mid-January.